International Distribution Services Plc – Takeover Offer

The Boards of Directors of International Distribution Services Plc (IDS) and EP UK Bidco Limited (a newly formed company owned indirectly by EP Corporate Group and J&T Capital Partners) have announced that they have reached an agreement on the terms of a recommended cash offer pursuant to which Bidco would acquire the entire issued and to be issued ordinary share capital of IDS.

The terms of the offer are as follows:

For each IDS Share       –       370 pence in cash

 The total value of the offer is comprised of:

  • Cash consideration of 360 pence per share
  • The final dividend in respect of the Financial Year ended 31 March 2024, of 2 pence per IDS share (the “2024 Final Dividend”) and which is not conditional upon the Acquisition becoming Unconditional; and
  • A special dividend of 8 pence per IDS share which would be conditional upon completion of the transaction

If you hold this stock and wish to accept the offer, please advise the Corporate Action Department no later than 20th August 2024.

You may contact us either by letter, telephone or email as detailed below quoting ‘IDS’ in the subject box.

Corporate Action Administration

Direct Line – 0161-819-4850 | Email: